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Chart Industries Stock Forecast NASDAQ:GTLS

$162.94 (-2.48%)

Volume: 390k

Closed: Dec 03, 2021

Hollow Logo Score: -4.570

Chart Industries Stock Forecast

$162.94 (-2.48%)

Volume: 390k

Closed: Dec 03, 2021

Score Hollow Logo -4.570
Which way will GTLS go? Request
Key Stats
P/E Ratio 19.45
Beta 1.61
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 13 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Stronger technical forecast for Chart Industries stock price after Friday trading.
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-18 Loss -11.86%

The Chart Industries stock price fell by -2.48% on the last day (Friday, 3rd Dec 2021) from $167.08 to $162.94. and has now fallen 5 days in a row. During the day the stock fluctuated 6.57% from a day low at $159.64 to a day high of $170.13. The price has fallen in 7 of the last 10 days and is down by -11.86% for this period. Volume has increased on the last day by 24 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 390 thousand shares were bought and sold for approximately $63.53 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $161.97 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.58% during the next 3 months and, with a 90% probability hold a price between $148.07 and $175.68 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Chart Industries stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $172.71 and $180.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 09, 2021, and so far it has fallen -17.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $10.49 between high and low, or 6.57%. For the last week, the stock has had a daily average volatility of 4.90%.

Chart Industries is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Chart Industries stock A Buy?

Chart Industries holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.570

Predicted Opening Price for Chart Industries of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$164.24 $162.94 (Undervalued)
Sell Candidate Upgraded

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Analyst Ratings

On Oct 22, 2021 "Citigroup" gave "$215.00 - $210.00" rating for GTLS. The price target was changed from $170.02 to 6.3%.

Volatility and Risk
Daily Average Volatility: 4.90 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.90 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $170.02
Price: $162.94
No Support Found

GTLS Insider Trading Show all Trades

INSIDER POWER

3.909

Last 100 transactions
Buy: 159 749 | Sell: 40 871 (Shares)
Date Action Amount Person Type
Oct 01, 2021 Buy 125 Mcallister Singleton B Common stock, par value $0.01 per share
Oct 01, 2021 Buy 125 Strauch Roger A Common stock, par value $0.01 per share
Oct 01, 2021 Buy 125 Sagehorn David M. Common stock, par value $0.01 per share
Oct 01, 2021 Buy 125 Harty Linda S Common stock, par value $0.01 per share
Oct 01, 2021 Buy 125 Krablin Steven W Common stock, par value $0.01 per share
Show all Insider Trades
INSIDER POWER

3.909

Last 100 transactions
Buy: 159 749 | Sell: 40 871 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 174.73 7.23 %
170.72 4.77 %
168.24 3.26 %
Current price: 162.94
Support 160.23 -1.66 %
157.75 -3.18 %
153.75 -5.64 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 199.11 22.20 %
170.15 4.42 %
170.02 4.35 %
Current price 162.94
Support 0 .
0 .
0 .

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About Chart Industries

Chart Industries Chart Industries, Inc. manufactures and sells engineered equipment for the industrial gas, energy, and biomedical industries worldwide. The company operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems for natural gas processing, liquefied natu... Read more

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